Ministry of Micro, Small and Medium Enterprises vide Office Memorandum (OM) No. 5/2(2)/2021-E/P & G/Policy dated July 2, 2021, had included Retail and Wholesale trade as MSMEs for the limited purpose of Priority Sector Lending and they would be allowed to be registered on Udyam Registration Portal for the following NIC Codes and activities mentioned against them.
Udyam Registration Portal is the official portal to register an MSME.
The enterprises having Udyog Aadhaar Memorandum (UAM) under the below-mentioned three NIC Codes are now allowed to migrate to Udyam Registration Portal or file Udyam Registration afresh.
The registration will be allowed under three categories:
- Wholesale and retail trade and repair of motor vehicles and motorcycles.
- Wholesale trade except for motor vehicles and motorcycles.
- Retail trade except for motor vehicles and motorcycles.
UAM is a one-page registration form that constitutes a self-declaration format under which the MSME will self-certify its existence, bank account details, promoter’s Aadhaar details and other required information.
